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Archive for the ‘News’ Category

US Deepens Taiwan Trade Ties with New Pact as Tensions Simmer with South Korea Over Delays

International Relations, News, Taiwan, United States

February 26, 2026

The United States is navigating a complex trade landscape in Asia, marked by a landmark new agreement with Taiwan and simmering tensions with longtime ally South Korea over a stalled trade deal. On February 12, 2026, the U.S. and Taiwan signed an Agreement on Reciprocal Trade (ART), the most significant trade deal between the two […]

Brazil Imposes Five-Year Anti-Dumping Duties on Chinese Steel Products

Brazil, News, Trade Policy

February 26, 2026

Brazil has taken decisive action to protect its domestic steel industry by imposing significant anti-dumping duties on a range of steel products from China. According to a report from GMK Center, Brazil’s foreign trade authority, CAMEX, confirmed the new measures will be in place for a period of five years, signaling a long-term strategy to […]

International Trade Council Unveils Essential Guide for Companies to Unlock Africa’s Trillion-Dollar Market

Global Trade, Press Release

February 25, 2026

George Glory Opeku’s ‘The Next Billion Customers’ Provides CEO’s Playbook for Immediate African Market Entry and Success February 25, 2026 – The International Trade Council, a prestigious global trade organization, today announced the publication of a groundbreaking new book, ‘The Next Billion Customers: A CEO’s Playbook for Exporting to, Investing in, and Winning […]

EU Suspends Fertilizer Tariffs to Aid Farmers, as China and South Korea Resolve Steel Dispute Amicably

Europe, News, Tarrifs

February 25, 2026

In a week marked by contentious disputes at the WTO, separate developments in Europe and Asia highlight alternative approaches to managing trade friction, from proactive tariff suspensions to negotiated settlements. The European Commission on February 24 proposed a one-year suspension of import duties on key nitrogen fertilizers, including ammonia and urea, in a bid to […]

Central Asia’s Investment Landscape Transforms with $68 Billion Influx as Regional Powers Deepen Economic Ties

Kazakhstan, News, Trade and Investments

February 25, 2026

Central Asia is rapidly emerging as a major hub for foreign direct investment, with capital from Asian and regional powers pouring into the energy sector and deepening economic integration. According to a recent report from the Eurasian Development Bank, foreign direct investment stock from Asian countries into Central Asian economies soared to $68 billion by […]

Africa Secures Major FDI for Industrial and Mining Sectors, Bucking Broader Investment Trends

Africa, News, Trade and Investments

February 25, 2026

Foreign direct investment is flowing into Africa’s industrial and natural resource sectors, highlighted by a landmark US$8 billion commitment to South Africa and resilient investment in mining across the continent, even as overall FDI to the region saw a decline in 2025. In a significant boost for one of the continent’s largest economies, the […]

Strategic Investments and New Alliances Reshape Global Trade Routes from the Mediterranean to India

India, International Trade and Investments, News

February 24, 2026

A wave of strategic investments and high-level partnerships is actively reshaping key global trade corridors, with significant developments announced in Morocco, Egypt, and along the emerging India-Middle East-Europe Economic Corridor (IMEC). These initiatives signal a concerted effort to bolster logistics infrastructure, enhance trade connectivity, and capitalize on shifting supply chain dynamics like near-shoring. In […]

India Pivots in Global Trade with New U.S. Tariff Reductions and Emerging Russia-China Economic Corridor

Global Trade, India, News

February 24, 2026

India is making significant moves to reshape its global trade relationships in early 2026, simultaneously strengthening economic ties with the United States while developing a strategic transport corridor with Russia and China. These parallel initiatives highlight a dynamic approach to navigating the evolving geopolitical landscape. In a major development, the United States and India […]

Global Freight Navigates New Regulatory Maze as EU and IMO Rules Take Effect in 2026

Europe, Global Trade, News

February 24, 2026

The global freight and logistics industry is grappling with a wave of new regulations from the European Union and the International Maritime Organization (IMO), fundamentally altering compliance obligations and operational realities for trade. These changes, which took effect at the start of the year, demand greater transparency and impose stricter environmental and safety standards. In […]

International Trade Council Publishes Definitive Guide: Ghana, The Fulcrum of African Trade

Global Trade, Press Release

February 24, 2026

New Book Positions Ghana as Premier Gateway for Global Exporters and Investors into the African Market February 24, 2026 – The International Trade Council, a prestigious global trade organization dedicated to empowering businesses in international commerce, today announced the publication of a groundbreaking new book, Ghana: The Fulcrum of African Trade. Authored by George Glory […]

Singapore Adjusts HS Codes for Biological Agents and Tobacco, Impacting Health Sector and Import Duties

International Trade Exports and Imports, News

February 24, 2026

The Singaporean government has announced two significant modifications to its Harmonized System (HS) code classifications, affecting importers of regulated biological materials and tobacco products. The changes, which include a technical reclassification for biosafety and a sharp increase in excise duties, underscore the dual role of the HS system in both regulatory enforcement and fiscal policy. […]

South Korea and Mercosur Revive Free Trade Talks After Five-Year Stall

News, South Korea, Trade talks

February 24, 2026

South Korea and the South American trade bloc Mercosur are set to revive negotiations for a free trade agreement after talks stalled five years ago. The breakthrough came on February 23 during a meeting between Brazilian President Luiz Inácio Lula da Silva and South Korean President Lee Jae-myung, as reported by VisaHQ. The negotiations, which […]

The Sankofa Path

Global Trade, Press Release

February 24, 2026

February 24, 2026 – The International Trade Council (ITC), a prestigious global trade organization, today announced the publication of “The Sankofa Path: How Looking Back Moves Ghana Forward,” a compelling new book by acclaimed author George Glory Opeku. This landmark publication offers a unique, deeply human perspective on Ghana’s remarkable journey, celebrating its heritage and […]

International Trade Council Supports DELIVER Asia 2026 as Agenda and Speaker Line-Up Are Announced

Events, Press Release, Singapore

February 24, 2026

The International Trade Council (ITC) is pleased to support and promote DELIVER Asia 2026, which will return to Singapore for its second edition, bringing together senior decision-makers from leading retail and consumer brands alongside innovative supply chain and technology solution providers. Following a successful inaugural edition, DELIVER Asia continues to strengthen its position as […]

A Tale of Two Strategies: As US Deploys New Tariffs, China Woos Africa with Zero-Tariff Initiative While EU Targets E-Commerce Giants

News, Tarrifs, United States

February 20, 2026

As global trade tensions simmer, the world’s major economic powers are pursuing starkly divergent strategies. While the United States doubles down on protectionist tariffs, China is expanding its influence through broad tariff exemptions for developing nations, and the European Union is flexing its regulatory muscle in the digital domain. On February 19, JDSupra reported that […]

EU Mandates Digital Wallets and Streamlines Customer Due Diligence to Boost Trade Finance Efficiency

Europe, News, Trade Finance

February 20, 2026

The European Union is set to transform customer due diligence (CDD) and onboarding with new Anti-Money Laundering (AML) regulations that emphasize efficiency and digitalization. According to a February 13 report from EY, the new framework moves towards a risk-based approach, significantly streamlining compliance for financial institutions. A key change involves reducing mandatory data collection for […]

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